PFFV vs. PFFA
Compare and contrast key facts about Global X Variable Rate Preferred ETF (PFFV) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA).
PFFV and PFFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFFV is a passively managed fund by Global X that tracks the performance of the ICE U.S. Variable Rate Preferred Securities Index. It was launched on Jun 22, 2020. PFFA is an actively managed fund by Virtus Investment Partners. It was launched on May 15, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFFV or PFFA.
Performance
PFFV vs. PFFA - Performance Comparison
Returns By Period
In the year-to-date period, PFFV achieves a 10.17% return, which is significantly lower than PFFA's 17.89% return.
PFFV
10.17%
-0.14%
5.72%
14.02%
N/A
N/A
PFFA
17.89%
-1.36%
13.49%
30.93%
6.65%
N/A
Key characteristics
| PFFV | PFFA | |
|---|---|---|
| Sharpe Ratio | 2.03 | 3.51 |
| Sortino Ratio | 2.98 | 4.89 |
| Omega Ratio | 1.38 | 1.71 |
| Calmar Ratio | 1.57 | 3.07 |
| Martin Ratio | 13.99 | 28.00 |
| Ulcer Index | 0.96% | 1.09% |
| Daily Std Dev | 6.58% | 8.67% |
| Max Drawdown | -18.95% | -70.52% |
| Current Drawdown | -1.67% | -2.10% |
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PFFV vs. PFFA - Expense Ratio Comparison
PFFV has a 0.25% expense ratio, which is lower than PFFA's 1.47% expense ratio.
Correlation
The correlation between PFFV and PFFA is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
PFFV vs. PFFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Variable Rate Preferred ETF (PFFV) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PFFV vs. PFFA - Dividend Comparison
PFFV's dividend yield for the trailing twelve months is around 7.31%, less than PFFA's 8.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
PFFV Global X Variable Rate Preferred ETF | 7.31% | 7.17% | 6.60% | 5.25% | 2.69% | 0.00% | 0.00% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 8.99% | 9.56% | 10.78% | 7.64% | 8.54% | 10.02% | 5.15% |
Drawdowns
PFFV vs. PFFA - Drawdown Comparison
The maximum PFFV drawdown since its inception was -18.95%, smaller than the maximum PFFA drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for PFFV and PFFA. For additional features, visit the drawdowns tool.
Volatility
PFFV vs. PFFA - Volatility Comparison
Global X Variable Rate Preferred ETF (PFFV) has a higher volatility of 2.44% compared to Virtus InfraCap U.S. Preferred Stock ETF (PFFA) at 2.18%. This indicates that PFFV's price experiences larger fluctuations and is considered to be riskier than PFFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.